US investment-grade bond issuance hit an August record and marked the third consecutive month of monthly records, maintaining the fastest issuance pace on record. As of Monday, August issuance reached $145.2bn, exceeding the prior August record of $136.0bn in 2020. Heavy corporate spending on AI infrastructure has boosted borrowing demand; this month’s volume was led by Alphabet (GOOG.O)’s $25bn deal. This was the eighth $25bn-or-larger offering so far this year, and all eight came from technolo

The 2026 Green Compute (AI) Conference will be held in Hohhot on Aug. 22. Organizers will publish the Green Compute Development Research Report (2026) and an East Data West Compute hub-node Green Compute Index report, and will sign a batch of major industrial projects totaling at the tens-of-billions-of-yuan level. Participants named include ByteDance, CICC Data, GCL Energy Technology, Cambricon, Shanghai Beigao High-tech and CATL; planned cooperation covers green smart compute centers, token-generation facilities, and compute-electricity equipment manufacturing. The event aims to expand the Horinger data center cluster and scale China’s green compute industry.

State Administration of Foreign Exchange (SAFE) data show banks' conversions of foreign exchange into yuan were CNY 1,809.7 bln in July and banks' foreign-exchange sales were CNY 1,685.6 bln, leaving a monthly net conversion surplus of CNY 124.1 bln. January–July cumulative conversions totaled CNY 12,602.0 bln versus sales of CNY 10,604.8 bln (net surplus CNY 1,997.2 bln). In July banks' agency foreign-currency receipts were CNY 5,883.7 bln and payments CNY 5,477.0 bln (net receipts CNY 406.7 bln). January–July agency receipts totaled CNY 38,312.8 bln and payments CNY 36,199.3 bln (net receipts CNY 2,113.5 bln).